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International Retailers Buoy Prime Markets

Global Retail View | Q1 2014

Overall, prime retail markets showed some gains in rental rates in the opening months of 2014, but we did not see any meaningful shifts in the relative rankings of markets. Generally speaking, prime retail markets are highly desired by international retailers because they are home to large, wealthy populations and attract throngs of tourists from around the world. These factors, along with a desire among retailers to cluster in the same area, tend to keep rents high and, in many markets, continue to drive rents higher.